Posts Tagged ‘loan market’

Bruce said in receiving the award that he wished to recognise his own team and also to thank his clients who have supported him over many years in the mortgage industry.  He went on to say that after almost a decade of loan writing, he was thrilled to be recognised as the Broker of the Year for the NZMBA.   

The award presented by the NZMBA recognises dedication, professionalism, creativity and production in mortgage broking.  Finalists were selected by nomination from a 16 lender panel and the winners selected by an independent judging panel.    

The other finalists for the Loan Market Group in individual areas included Stuart Matheson (North Shore), Craig Lawson (Auckland) and David Fletcher (New Plymouth).

The Ray White group in New Zealand are one of the largest managers of property for landlords in the country with over 12,300 properties managed throughout the group we are proud of our continued development of our property management team. 

As part of our ongoing qualitative based training our property management team came together in Auckland at Cornwall Park just on 80 managers attending.  The day seminar which looked at a number of key areas in property management which included service levels to landlords and tenants, how to management relationships, and also understanding the balance between the requirements of our landlords and the needs of our tenants. 

In addition to this, our team looked at marketing to ensure the continued low vacancy rates of our landlords.  We looked at the integration of internet advertising and Ray White’s association with Trade Me and how that has continued to increase enquiry rates for our landlords.  Our service also continues to broaden with our property managers providing wealth creation plans together with property appraisals and loan assessments.  This provides to our landlords an overall service level that is unmatched in the industry.  Ray White New Zealand offices have experienced continued growth in the property management division and this has been put down to the continued training and development while providing the highest quality service.

With property management now not being regulated it is seen to be more important for landlords who they choose to manage their property and also their rental income.  Ray White are developing policies which will provide security within an integrated system through our agency practice.  The Ray White group plans to release these details over the next quarter which will provide further confidence for our current landlords while providing a clear choice option for new landlords.

Just over 300 people attended the Auckland Cityside and North Shore quarterly awards last week.  The evening was headlined by the Elite members receiving their recognition.  We also presented our latest Premier members with their awards.  Our market share through each of the zones in Auckland has edged up and is now at 19.1% collectively. One of the areas we talked about was the growth in the West zone which is now the highest market share in Auckland. The quarter results saw the highest production rate for just on two years and the number one salesperson for the quarter in the Cityside was Ruth Hawes from Kingsland, while on the North Shore, Marcus Lee of Milford, took the top award.  The other feature of the night was the recognition that Goodwin Realty received at the National Property Management Conference in being a finalist and effectively named the number one property management business for the industry in Auckland.   Pictured here is Marcus Lee receiving his Elite award from Carey Smith.

Loan Market’s Bruce Patten has come in runner up in the 2009 New Zealand Mortgage Brokers Association Broker of the Year award which was presented last Friday.  In addition to being named the national runner up, Bruce, a regular finalist in the New Zealand mortgage broking industry’s prestigious yearly awards, was named Broker of the Year for the Greater Auckland region for an amazing fifth time.  Loan Market’s Gopal Sreenivasan was also a finalist on the night in the Mid-Central Auckland region. Although unfortunately not winning his region, Gopal’s recognition as a finalist is well-deserved and highlights the professionalism and dedication with which he operates on a daily basis.

The Loan Market continues their run of outstanding months in placing mortgages for our purchasers.  They completed just on 191 loans and our top broker for the month of July was Bruce Patten.  Scott Charlesworth who continues to have a great year, also had an outstanding month.  The leader of our Central North Island business based in Tauranga, David Hart, who in his own right is one of our top international personal lending managers, was not far behind.  The Loan Market team has 51 personal lending managers throughout New Zealand.  

With the changing environment in finance for home lending, the Loan Market are increasingly being utilised by the buyers within the market.  We would encourage you during this uncertain period with finance to consult with your local Loan Market personal lending manager to get the best financial information.

The Reserve Bank Governor, Alan Bollard, lsat week kept the OCR rate unchanged at 2.5%. The Reserve Bank statement made it clear that the OCR level will remain at 2.5% or lower until the latter part of 2010. There was also an indication that if the New Zealand dollar and wholesale interest rates remained at high levels, the OCR would be expected to be lowered over the next quarter. There was also a message in there for the property and finance markets. With average pricing beginning to increase across New Zealand, the indication was to re-enforce the housing market but to ensure that affordability remained for all New Zealanders and that banks continue to have enough liquidity to allow borrowing at a level which continues to keep the market flowing. He went onto say the economic outlook remains weak however New Zealand is slightly sheltered from the overall global recession through its exports and its partnership with Australia. The graph shows since July 2008 that interest rates have reduced from 8.5% to 2.5% and potentially expected to go lower.

Source ASB Economic Update

The Loan Market New Zealand consumer website  has been undergoing a major redesign over the past months and was released publicly overnight. The Loan Market New Zealand has 46 brokers faciltating 760 mil in lending per annum. 

The upgraded Loan Market website now includes -

Updated branding to the new International Loan Market logo

 Comprehensive menus for Home Loans, First Home Buyers, Investment Loans and Refinancing inclusive of  more extensive content.

 New user friendly mortgage calculators

 Full Loan Market overview including How Brokers Work section

 Prominent Contact Forms on most pages designed to collect real time consumer enquiry. 

 Enquiries are contacted within 2 business hours on a working day

 At-a-glance interest rate table displayed on all pages

 Real time interest rate guidelines on the front introduction page

 E Newsletter subscription facility

Site search facility

Please visit  www.loanmarket.co.nz

Ray White and Loan Market together at an Open Home

Tony Sheirlink of Ray White Browns Bay recently asked Stuart Matheson from the Loan Market North Shore to attend three open homes for properties he believed would have a lot of interest and the possibility of multiple offers. He was right!

The first property they received together, 5 offers on the Sunday night. Tony wanted them to have the confidence to offer their best offer, whether that was price or fewer conditions. The 2nd property, a deceased estate, and the 3rd an auction. Tony and Stuart are working together to have buyers in a position to bid on the day.  Stuart secured three appointments and also gave the buyer confidence as to what their preapproval meant, resulting in them making their offer unconditional.

Tony said ‘the vendor of the Auction property was really pleased with the Team approach and the fact Stuart was there  that to sell her property’ Tony added ’that it was a bonus as Stuart was around also helped with the overall security of the property’. 

The unprecedented success of the first Ray White Auction Spectacular in March this year means the landmark series of trans-Tasman super auctions is here to stay. Numerous desirable properties went under the hammer in 25 locations across Australia and New Zealand in events that attracted enormous media attention and achieved extraordinary success in a difficult economic climate.

Over 700 properties were listed for sale and excellent clearance rates achieved across the board, with NZ’s auction generating over $49 million in sales. The event contributed to an outstanding March, during which Ray White generated record sales of $2.57 billion!

The Auction Spectacular brings together the strength of every arm of the Ray White Group, including Residential, Commercial, Rural, Property Management, Loan Market Group and Ray White Concierge.

Any vendors sitting back or adopting a ‘wait and see’ approach are strongly advised to take advantage of interest rates at a 45-year low and plummeting mortgage rates. Strong buying opportunities combined with the fact that selling and buying in the same market generally procures the same net result, make now the ideal time to upgrade or re-locate, with the added advantage of capital growth as the market strengthens.

The stunning success of the first Ray White Auction Spectacular also illustrates that property auctions continue to offer many advantages over private treaty sale. Whether selling a home or commercial property, the auction process has been proven to be the most likely method to attract genuine buyers.

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